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Chief economist update: At the core-core of it

Speculations which sent the yield on Japanese Government Bonds soaring and saw the Japanese yen strengthen. They are certain to negate the central bank's efforts to lift the country's inflation rate to at least close to its 2% target.

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Read more: core inflationcore-core inflationJGBBank of JapanBOJ Governor Haruhiko KurodaCNBCCPIFinancial Timesheadline inflationStatistics Japan